8. In what time will * 51,200 amount to 72,900 at
12 % compound interest, compounded annually?
2
with formula
Answers
Answered by
0
Answer:
time 3yrs
Step-by-step explanation:
A = P (1+r/100)^n
72900=51200(1+12/100)^n
72900/51200=(1.12)^n
1.42382=(1.12)^n
(1.12)^3=(1.12)^n
n=3
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